Taiwanese Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About the Publisher

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Primary Threat Perception
3.1.2. Military Doctrine & Strategy
3.1.3. Procurement Programs
3.1.4. Geopolitical, Social and Economic Scenario
3.1.5. Political and Strategic Alliances
3.2. Defense Market Size Historical and Forecast
3.2.1. Taiwanese defense budget will grow at an estimated CAGR of 3.56% during 2020-2024
3.2.2. Issue of One China anticipated to drive military expenditure
3.2.3. Defense budget as a percentage of GDP will average 1.89% over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Share of capital expenditure is expected to increase during the forecast period
3.3.2. Capital expenditure is estimated to record a CAGR of 3.55% during the forecast period
3.3.3. Taiwan’s per capita defense expenditure is expected to increase during the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. The homeland security market in Taiwan is expected to grow at a CAGR of 1.01% during the forecast period
3.4.2. Human trafficking to drive homeland security expenditure
3.5. Benchmarking with Key Global Markets
3.5.1. Taiwanese defense expenditure expected to remain low compared to leading spenders
3.5.2. Taiwan will continue to remain as a small contributor in the global arms market
3.5.3. Defense budget as a percentage of GDP is expected to remain low over the forecast period
3.6. Market Opportunities: Key Trends and Drivers
3.6.1. Top 10 Defense Sectors by Value (US$ Million) - Projections over 2019-2024
3.6.2. Destroyers
3.6.3. Diesel-electric Submarine
3.6.4. Frigates

4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Defense imports increased during the period 2014-2018
4.1.2. The US, Germany, and Italy are the major defense equipment suppliers for Taiwan
4.1.3. Aircraft, naval vessels and missiles accounted for a total share 86.3% in Taiwanese defense imports
4.2. Export Market Dynamics

5. Industry Dynamics
5.1. Five Forces Analysis
5.1.1. Bargaining power of supplier: Medium to High
5.1.2. Bargaining power of buyer: Medium
5.1.3. Barrier to entry: High
5.1.4. Intensity of rivalry: Low
5.1.5. Threat of substitution: Low

6. Market Entry Strategy
6.1. Market Regulation
6.1.1. The government encourages offsets to develop the domestic defense industrial base
6.2. Market Entry Route
6.2.1. Budgeting process
6.2.2. Procurement Policy and Process
6.2.3. Foreign equipment manufacturers enter the market through finding local partner and through direct commercial sales
6.2.4. Biennial defense exhibition provides an attractive entry route
6.3. Key Challenges
6.3.1. Corruption and lack of transparency are the factors which hinder the growth of the Taiwanese defense industry
6.3.2. Delay of procurement programs will lead to cost overruns
6.3.3. Lack of sales agents and stringent regulations restrict domestic defense industry growth

7. Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.2. Taiwanese Market Share Analysis, 2019-2024
7.3. Key Domestic Companies
7.3.1. Aerospace Industrial Development Corporation (AIDC): overview
7.3.2. Aerospace Industrial Development Corporation (AIDC): products
7.3.3. Aerospace Industrial Development Corporation (AIDC): recent announcements and strategic initiatives
7.3.4. Aerospace Industrial Development Corporation (AIDC): alliances
7.3.5. Aerospace Industrial Development Corporation (AIDC): recent contract awards
7.3.6. Chung-Shan Institute of Science and Technology (CSIST): overview
7.3.7. Chung-Shan Institute of Science and Technology (CSIST): products
7.3.8. Chung-Shan Institute of Science and Technology (CSIST): recent announcements and strategic initiatives
7.3.9. Chung-Shan Institute of Science and Technology (CSIST): alliances
7.3.10. China Shipbuilding Corporation (CSBC), Taiwan: overview
7.3.11. China Shipbuilding Corporation (CSBC), Taiwan: products
7.3.12. China Shipbuilding Corporation (CSBC), Taiwan: alliances
7.3.13. The Combined Service Forces (CSF): overview
7.3.14. The Combined Service Forces (CSF): products
7.3.15. The Combined Service Forces (CSF): alliances

8. Business Environment and Country Risk
8.1. Economic Performance
8.1.1. GDP per capita at constant prices (US$)
8.1.2. GDP at current prices (US$)
8.1.3. Exports of goods and services (NT$ Bn)
8.1.4. Imports of goods and services (NT$ Bn)
8.1.5. LCU per US$ (period average)
8.1.6. Goods exports as a percentage of GDP
8.1.7. Goods imports as a percentage of GDP
8.1.8. Services imports as a percentage of GDP
8.1.9. Services exports as a percentage of GDP
8.1.10. Net Foreign Direct Investment as % of GDP

9. Appendix
9.1. About the Publisher
9.2. Disclaimer

List of Tables
Table 1: Taiwan - Ongoing Development and Procurement Programs
Table 2: Taiwan - Future Procurement Programs
Table 3: Taiwanese - Top Defense Procurement Programs by Value (US$ Million), 2019-2024
Table 4: Taiwanese Defense Expenditure (NT$ Billion& US$ Billion), 2015-2024
Table 5: Taiwanese GDP Growth and Defense Expenditure as Percentage of GDP Growth, 2015-2024
Table 6: Taiwanese Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Table 7: Taiwanese Defense Capital Expenditure (NT$ Billion & US$ Billion), 2015-2024
Table 8: Taiwanese Per Capita Defense Expenditure (US$), 2015-2024
Table 9: Taiwanese Homeland Security Expenditure (NT$ billion & US$ billion), 2015-2024
Table 10: Benchmarking with Key Markets - 2015-2019 vs 2020-2024
Table 11: Top Taiwanese Defense Sectors by Value (US$ Million), 2019-2024
Table 12: Defense Offset Regulations in Taiwan
Table 13: Top Defense Suppliers in the Taiwanese Defense Industry - By Value (US$ Million) 2019-2024
Table 14: Competitive Landscape of the Taiwan Defense Industry
Table 15: Aerospace Industrial Development Corporation (AIDC) - Product Focus
Table 16: Aerospace Industrial Development Corporation (AIDC) - Alliances
Table 17: Taiwan Aerospace Industrial Development Corporation (AIDC) - Recent Contract Wins
Table 18: Chung-Shan Institute of Science and Technology (CSIST) - Product Focus
Table 19: Chung-Shan Institute of Science and Technology (CSIST) - Alliances
Table 20: China Shipbuilding Corporation (CSBC) - Product Focus
Table 21: China Shipbuilding Corporation (CSBC), Taiwan- Alliances
Table 22: The Combined Service Forces (CSF) - Product Focus
Table 23: The Combined Service Forces (CSF) - Alliances

List of Figures
Figure 1: Taiwanese Defense Budget, 2020 and 2024
Figure 2: Taiwanese Defense Imports/Exports, 2014 and 2018
Figure 3: Taiwanese Top Prospective Procurements/Developments
Figure 4: Taiwanese National Security Threats
Figure 5: Taiwanese Partner Countries for Defense Cooperation and Military Training
Figure 6: Taiwanese Defense Expenditure (NT$ Billion), 2015-2024
Figure 7: Taiwanese Defense Expenditure (US$ Billion), 2015-2024
Figure 8: Taiwan GDP Growth and Defense Expenditure as Percentage of GDP,2015-2024
Figure 9: Taiwanese Defense Budget Split Between Capital and Revenue Expenditure (%),2015-2024
Figure 10: Taiwanese Defense Capital Expenditure (NT$ Billion), 2015-2024
Figure 11: Taiwanese Defense Capital Expenditure (US$ Billion), 2015-2024
Figure 12: Taiwanese Per Capita Defense Expenditure (US$), 2015-2024
Figure 13: Taiwanese Homeland Security Expenditure (NT$ Billion), 2015-2024
Figure 14: Taiwanese Homeland Security Expenditure (US$ Billion), 2015-2024
Figure 15: Benchmarking with Key Markets, 2015-2019 vs 2020-2024
Figure 16: Defense Expenditure of the World’s Largest Military Spenders (US$ billion),2019 and 2024
Figure 17: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019
Figure 18: Destroyers Market Size (US$ Million), 2019-2024
Figure 19: Diesel-electric Submarine Market Size (US$ Million), 2019-2024
Figure 20: Frigates Market Size (US$ Million), 2019-2024
Figure 21: Taiwan Defense Import Trend (US$ Million), 2014-2018 (TIV values*)
Figure 22: Taiwanese Defense Imports by Country (%), 2014-2018
Figure 23: Taiwanese Defense Imports by Category (%), 2014-2018
Figure 24: Industry Dynamics Porter’s Five Forces Analysis
Figure 25: Taiwanese Budgeting Process
Figure 26: Taiwanese Market Share Analysis, 2019-2024
Figure 27: Taiwan’s GDP Per Capita at Constant Prices (US$), 2015-2025
Figure 28: Taiwan’s GDP at Current Prices (US$ Billion), 2015-2025
Figure 29: Exports of goods and services (NT$ Million), 2005-2014
Figure 30: Imports of goods and services (NT$ Billion), 2005-2014
Figure 31: Taiwan’s NT$ per US$, 2015-2024
Figure 32: Taiwan - Goods exports as a % of GDP (%), 2005-2014
Figure 33: Taiwan - Goods imports as a % of GDP (%), 2005-2014
Figure 34: Taiwan - Services imports as a % of GDP (%), 2005-2014
Figure 35: Taiwan - Services exports as a % of GDP (%), 2005-2014
Figure 36: Taiwan - Net Foreign Direct Investment as % of GDP 2005-2012